Judges are no longer content to rubber-stamp settlements with banks

08/24/2010 | New York Times (tiered subscription model), The

U.S. judges are taking a closer look at settlements negotiated between government agencies and banks that violated the law. In a departure from tradition, judges have criticized government officials for what they see as excessively lenient treatment of misbehaving banks. These scoldings from the bench reflect discontent not only with the financial sector but also with regulators that are supposed to oversee them, according to The New York Times.

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